Bitcoin BTC price moves according to fractal from the past v.2

11 thg 12, 2023

As we wrote in our previous idea, the Bitcoin price has been in a critical zone in recent days.
Tonight, sellers decided to step up and activated the red fractal from this idea:
https://www.tradingview.com/chart/BTCUSD/86WGMWyt-Bitcoin-BTC-price-moves-according-to-the-fractal-from-the-past/

At this idea depicted another fractal that was already on the BTCUSDT price chart. The logic of this fractal, and therefore the behavior of buyers/sellers, is similar to the fractal from the previous idea. However, there are slightly deeper drops here, but they have a chance to cover most of the CME GAPs that were formed during the current growth wave.
1. GAP $39310 - 40480, touched, but not yet completely filled.
2. Gap $34100 - 34400, not filled
3. GAP $27000 - 27300, not filled

Now you need to closely monitor the indicators of USDT.D and BTC.D, because now there is a redistribution of capital: part of it goes to usdt, and the other part hastily goes to the "selected" altcoins that did not have time to reach the desired target at this bull run.
Therefore, the next 1-3 days will be quite volatile, and we recommend that you refrain from trading with leverage.

Two events will also "add fuel to the fire" of position breakouts:
- 12.12.2023 - the announcement of the latest CPI
- 12/13/2023 - the announcement of a new FED rate, the last in 2023, and the speech of Mr. Powell's speech on the outlook for the economy and financial markets in 2024

If you are interested in reading our thoughts and experience, please be active: like and comment on the idea. And we, in turn, will update this idea as events unfold.

13 thg 12, 2023

Ghi chú

Yesterday, the "fresh" CPI was announced, and the figure predictably declined from 3,2% to 3,1%. And it would seem that this is good, this is what the Fed is trying to achieve, but it seems that crypto market players still aimed downward with the first target of $38300-38500

18 thg 12, 2023

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